Erskine Bowles on Paul Ryan, In Its Entirety

Aug. 14 (Bloomberg) -- A September 2011 speech addressing Rep. Paul Ryan's budget proposal by Erskine Bowles, co-chair of President Obama's Deficit Commission, has made its way around conservative political circles since the Wisconsin congressman was tabbed as Republican Mitt Romney's running-mate. In the minute-long clip posted on YouTube, Bowles calls Ryan's budget proposal 'a sensible, straightforward, serious budget.' In this extended version above, Bowles also deems Ryan's plan 'drastic' and 'a radical change.' Video courtesy Univ. of North Carolina via YouTube.

Global Business Report: ECB, Brazil Banker, Macy's
31:04 - Bloomberg's Alix Steel and Scarlet Fu examine the latest global business news. They report on "Bloomberg Markets." (Source: Bloomberg)
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